Zuckerberg Getting $500,000 Salary with 45% Bonus

According to the new IPO information submitted by the social networking giant, founder and CEO, Zuckerberg would be eligible for half a million dollars in salary this year, while he is also  qualified for at least two bonuses up to the value of 45% of this base salary, reports The Sydney Morning Herald.

Furthermore, all C-level executives, including COO Sheryl Sandberg (whose salary is disclosed to be $300,000), will be eligible for dual performance-based bonus.

You must be wondering about such high salaries of these executives including Sandberg and Zuckerberg. The fact is these two along with other executives have good shares of stock in the company that makes them eligible for such a high salaries.

There is something more ‘investor friendly’ detail in the IPO information as well that there is no golden parachute agreement available for Zuckerberg and Sandberg, which could compensate the pair in case they should forced out of the company, reveals Contra Costa Times.

Other significant news is that the company’s value hit a record high with AllFacebook reports that the company is now worth somewhere between $103.4-110 billion based on its share price that stood at $44.

The social networking giant filed for a $5 billion IPO past week. The documentation filed by the company revealed a series of figures and data that unveiled its user-base to be 854 million, with 250 million posted pictures and 2.7 billion likes and comments everyday on the website.

As of financial state of the company, it disclosed its total revenue to be stood at $3.7 billion with net income at $695 billion in 2011.

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